Saudi residential mortgage financing rises 8% to SR604m in Q3 2026

New residential mortgage financing provided by finance companies to individuals in Saudi Arabia reached SR604 million in the third quarter of 2026, according to the Saudi Central Bank (SAMA). That is an 8 per cent increase compared with the same period in 2025, when the figure stood at SR559 million.

The latest monthly statistical bulletin from SAMA breaks down the financing across three property types. Apartments accounted for the largest share at SR310 million, up from SR295 million a year earlier. Financing for villas was nearly unchanged at SR210 million, compared with SR211 million in Q3 2025. Land financing saw the sharpest annual growth, rising to SR84 million from SR53 million.

Looking at the previous quarter, the overall volume of new residential mortgage financing declined by 15 per cent in Q3 2026 compared with Q2 2026, falling from SR711 million to SR604 million. This quarterly decrease was reflected across all categories: villas dropped from SR269 million, apartments from SR332 million, and land from SR111 million.

Compared with the first quarter of 2026, financing in the third quarter was 3.2 per cent higher, rising from SR585 million to SR604 million. Between Q1 and Q3, apartment financing increased from SR279 million to SR310 million and land financing rose from SR57 million to SR84 million, while villa financing decreased from SR249 million to SR210 million.

The data highlights steady demand for residential property lending in the kingdom, with apartments continuing to attract the most financing. For homeowners and prospective buyers across Saudi Arabia, the quarterly figures from the central bank provide a clear picture of how housing finance is evolving.